The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has launched a new webpage dedicated to the regulatory and operational framework for issuing covered bonds, bringing together key resources for Luxembourg credit institutions operating under the revised covered bonds regime. The webpage centralises the core texts underpinning the post-transposition framework for Directive (EU) 2019/2162 under the Law of 8 December 2021, as amended by the Law of 20 December 2024, which opened covered bond issuance to all Luxembourg credit institutions. It references Regulation CSSF No 25-03 of 25 July 2025 on covered bond issuance activity, Circular CSSF 25/895 on information to be provided in connection with issuances, and Circular CSSF 26/907 specifying requirements applicable to issuing credit institutions and their special “réviseur d’entreprises agréé” (approved statutory auditor). The CSSF expects the webpage to be updated regularly to provide ongoing access to the latest information and regulatory developments affecting covered bond issuance.
Luxembourg Commission de Surveillance du Secteur Financier 2026-02-23
Luxembourg Commission de Surveillance du Secteur Financier launches dedicated covered bonds framework webpage and sets new issuer and auditor requirements
The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has launched a webpage centralizing resources for the regulatory framework on covered bonds, following the transposition of Directive (EU) 2019/2162. It includes Regulation CSSF No 25-03 and Circulars CSSF 25/895 and 26/907, detailing requirements for Luxembourg credit institutions. The CSSF plans regular updates to ensure access to the latest regulatory developments.